Semiconductor Assembly and Testing Services Market Growth 2028

    Semiconductor Assembly and Testing Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Services (Assembly & Packaging Services and Testing Services) and Application (Consumer Electronics, Automotive, Medical, Industrial, and Other Applications)

    Publication Month: Dec 2021 | Report Code: TIPRE00011144 | No. of Pages: 142 | Category: Electronics and Semiconductor | Status: Published

    The semiconductor assembly and testing services market was valued at US$ 51,906.3 million in 2021 to reach US$ 71,784.6 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.

    With heavy usage of smartphones, desktops, digital cameras, tablets, laptops, hard disks, and televisions, among others, the consumer electronics industry has evolved significantly due to several new technological developments. For instance, the rising adoption of 5G networks is creating strong opportunity for the market players to develop advanced RF modules using system-in-package technology for connectivity. According to the Ericsson’s mobility report, the share of 5G network in the North American market is expected to grow from 4% in 2020 to 80% by 2026, while the rest 20% would be held by the 4G technology. With the rising need of electronic equipment, the usage for semiconductor devices also increases in multiple digital consumer products including smartphones, televisions, digital cameras, refrigerators, washing machines, and LED bulbs. This is subsequently stirring the need for semiconductor testing services. Therefore, the rising demand for consumer electronics is driving the semiconductor assembly and testing services market

    Strategic Insights

    Impact of COVID-19 Pandemic on Semiconductor Assembly and Testing Services Market

    The COVID-19 pandemic has shaken several industries. The unprecedented growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human movement. The semiconductor industry took a significant hit as the demand for electronic components was lowered from industrial sector and end users. The revenue model for microelectronics has declined as no mass production was carried in the lockdown period. The North American market suffered a huge loss in the first half of 2020 owing to the high number of COVID-19 cases, specifically in the US. Post lockdown, the market witnessed increasing demand for digital devices. North America is among the eminent regions in adopting smart or IoT-based devices due to favorable infrastructure that support high-speed internet services. The adoption of 5G network has driven the market growth post lockdown. Post lockdown, the semiconductor industry started to regain the market share as production facilities restarted the operation by taking social distancing measures. Besides, work from home and remote monitoring strategies helped increase the sale of advanced electronics products for better connectivity. IT and telecommunication industry importance have been highlighted for the communicational purpose, which allowed the industry to evolve with new technologies such as IoT connectivity.

    Lucrative Regions in Semiconductor Assembly and Testing Services Market

    Lucrative Regions in Semiconductor Assembly and Testing Services Market

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    Market Insights – Semiconductor Assembly and Testing Services Market

    Rising Automotive Sector to Propel Semiconductor Assembly and Testing Services

    The adoption of safety-related electronics systems has grown rapidly. Semiconductor component manufacturers are continuously focusing on manufacturing advanced systems. Automotive semiconductor vendors get benefited from a surge in demand for multiple semiconductor devices, such as microcontrollers, sensors, and memory, used in cars. Apart from this, electrification, automation, digital connectivity, and security systems result in the addition of more semiconductor equipment into automotive electronics.

    Service-Based Insights

    Based on type, the semiconductor assembly and testing services market is segmented into assembly & packaging services and testing services. The assembly & packaging services segment held a larger market share in 2021.

    Players operating in the semiconductor assembly and testing services market are mainly focused on the development of advanced and efficient products.

    • In May 2021, Deca, an industry-leading pure-play technology provider for advanced semiconductor packaging, announced the introduction of its new APDK methodology. The solution is the result of Deca’s collaboration with Advanced Semiconductor Engineering, Inc. (ASE) and Siemens Digital Industries Software.
    • In Oct. 2020, ASE, MOE and NKUST together establish onsite campus semiconductor assembly and test facility to develop world-class high-tech industry graduates.

    The semiconductor assembly and testing services market is segmented based on service and application, and geography. Based on service, the market is segmented into assembly & packaging services and testing services. In 2021, the assembly & packaging segment led the semiconductor assembly and testing services market and accounted for a larger market share. Based on application, the market is segmented into consumer electronics, automotive, medical, industrial, and other applications. In 2021, the consumer electronics segment led the semiconductor assembly and testing services market and accounted for a larger market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). In 2021, APAC accounted for a significant share in the global market.

    Semiconductor Assembly and Testing Services Market – Company Profiles

    • Amkor Technology
    • ASE Group
    • Chipbond Technology Corporation
    • Integrated Micro-Electronics, Inc
    • JCET Group Co., Ltd
    • Integra Technologies
    • Powertech Technology Inc
    • Siliconware Precision Industries Co., Ltd
    • Teledyne Technologies
    • Unisem Group

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    2. Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. Semiconductor Assembly and Testing Services Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America

    4.2.2 Europe

    4.2.3 Asia-Pacific

    4.2.4 Rest of World

    4.3 Ecosystem Analysis

    4.4 Expert Opinions

    5. Semiconductor Assembly and Testing Services Market – Key Market Dynamics

    5.1 Key Market Drivers

    5.1.1 Rising Demand for Consumer Electronics

    5.1.2 High Usage of Semiconductor Devices in Industrial Automation

    5.2 Key Market Restraints

    5.2.1 Growing E-Waste Problem

    5.3 Key Market Opportunities

    5.3.1 Rising Automotive Sector to Propel Semiconductor Assembly and Testing Services

    5.4 Future Trends

    5.4.1 Advancements in Semiconductor Packaging Techniques

    5.5 Impact Analysis of Drivers and Restraints

    6. Semiconductor Assembly and Testing Services Market – Global Analysis

    6.1 Semiconductor Assembly and Testing Services Market Global Overview

    6.2 Semiconductor Assembly and Testing Services Market – Global Revenue and Forecast to 2028 (US$ Million)

    6.3 Market Positioning – Five Key Players

    7. Semiconductor Assembly and Testing Services Market Analysis – By Services

    7.1 Overview

    7.2 Semiconductor Assembly and Testing Services Market, By Services (2020 and 2028)

    7.3 Assembly and Packaging Services

    7.3.1 Overview

    7.3.2 Assembly and Packaging Services: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    7.4 Testing Services

    7.4.1 Overview

    7.4.2 Testing Services: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    8. Semiconductor Assembly and Testing Services Market – By Application

    8.1 Overview

    8.2 Semiconductor Assembly and Testing Services Market, by Application (2020 and 2028)

    8.3 Consumer Electronics

    8.3.1 Overview

    8.3.2 Consumer Electronics: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    8.4 Automotive

    8.4.1 Overview

    8.4.2 Automotive: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    8.5 Medical

    8.5.1 Overview

    8.5.2 Medical: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    8.6 Industrial

    8.6.1 Overview

    8.6.2 Industrial: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    8.7 Other Applications

    8.7.1 Overview

    8.7.2 Other Applications: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9. Semiconductor Assembly and Testing Services Market – Geographic Analysis

    9.1 Overview

    9.2 North America: Semiconductor Assembly and Testing Services Market

    9.2.1 North America: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.2.2 North America: Semiconductor Assembly and Testing Services Market- By Services

    9.2.3 North America: Semiconductor Assembly and Testing Services Market- By Application

    9.2.4 North America: Semiconductor Assembly and Testing Services Market- by Key Country

    9.2.4.1 US: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.2.4.1.1 US: Semiconductor Assembly and Testing Services Market- By Services

    9.2.4.1.2 US: Semiconductor Assembly and Testing Services Market- By Application

    9.2.4.2 Canada: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.2.4.2.1 Canada: Semiconductor Assembly and Testing Services Market- By Services

    9.2.4.2.2 Canada: Semiconductor Assembly and Testing Services Market- By Application

    9.2.4.3 Mexico: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.2.4.3.1 Mexico: Semiconductor Assembly and Testing Services Market- By Services

    9.2.4.3.2 Mexico: Semiconductor Assembly and Testing Services Market- By Application

    9.3 Europe: Semiconductor Assembly and Testing Services Market

    9.3.1 Europe: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.3.2 Europe: Semiconductor Assembly and Testing Services Market- By Services

    9.3.3 Europe: Semiconductor Assembly and Testing Services Market- By Application

    9.3.4 Europe: Semiconductor Assembly and Testing Services Market- by Key Country

    9.3.4.1 Germany: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.3.4.1.1 Germany: Semiconductor Assembly and Testing Services Market- By Services

    9.3.4.1.2 Germany: Semiconductor Assembly and Testing Services Market- By Application

    9.3.4.2 France: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.3.4.2.1 France: Semiconductor Assembly and Testing Services Market- By Services

    9.3.4.2.2 France: Semiconductor Assembly and Testing Services Market- By Application

    9.3.4.3 Italy: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.3.4.3.1 Italy: Semiconductor Assembly and Testing Services Market- By Services

    9.3.4.3.2 Italy: Semiconductor Assembly and Testing Services Market- By Application

    9.3.4.4 UK: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.3.4.4.1 UK: Semiconductor Assembly and Testing Services Market- By Services

    9.3.4.4.2 UK: Semiconductor Assembly and Testing Services Market- By Application

    9.3.4.5 Russia: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.3.4.5.1 Russia: Semiconductor Assembly and Testing Services Market- By Services

    9.3.4.5.2 Russia: Semiconductor Assembly and Testing Services Market- By Application

    9.3.4.6 Rest of Europe: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.3.4.6.1 Rest of Europe: Semiconductor Assembly and Testing Services Market- By Services

    9.3.4.6.2 Rest of Europe: Semiconductor Assembly and Testing Services Market- By Application

    9.4 APAC: Semiconductor Assembly and Testing Services Market

    9.4.1 APAC: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.4.2 APAC: Semiconductor Assembly and Testing Services Market- By Services

    9.4.3 APAC: Semiconductor Assembly and Testing Services Market- By Application

    9.4.4 APAC: Semiconductor Assembly and Testing Services Market- by Key Country

    9.4.4.1 Taiwan: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.4.4.1.1 Taiwan: Semiconductor Assembly and Testing Services Market- By Services

    9.4.4.1.2 Taiwan: Semiconductor Assembly and Testing Services Market- By Application

    9.4.4.2 China: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.4.4.2.1 China: Semiconductor Assembly and Testing Services Market- By Services

    9.4.4.2.2 China: Semiconductor Assembly and Testing Services Market- By Application

    9.4.4.3 Japan: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.4.4.3.1 Japan: Semiconductor Assembly and Testing Services Market- By Services

    9.4.4.3.2 Japan: Semiconductor Assembly and Testing Services Market- By Application

    9.4.4.4 South Korea: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.4.4.4.1 South Korea: Semiconductor Assembly and Testing Services Market- By Services

    9.4.4.4.2 South Korea: Semiconductor Assembly and Testing Services Market- By Application

    9.4.4.5 Rest of APAC: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.4.4.5.1 Rest of APAC: Semiconductor Assembly and Testing Services Market- By Services

    9.4.4.5.2 Rest of APAC: Semiconductor Assembly and Testing Services Market- By Application

    9.5 Rest of World (RoW): Semiconductor Assembly and Testing Services Market

    9.5.1 RoW: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.5.2 RoW: Semiconductor Assembly and Testing Services Market- By Services

    9.5.3 RoW: Semiconductor Assembly and Testing Services Market- By Application

    9.5.4 RoW: Semiconductor Assembly and Testing Services Market- by Key Region

    9.5.4.1 MEA: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.5.4.1.1 MEA: Semiconductor Assembly and Testing Services Market- By Services

    9.5.4.1.2 MEA: Semiconductor Assembly and Testing Services Market- By Application

    9.5.4.2 SAM: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    9.5.4.2.1 SAM: Semiconductor Assembly and Testing Services Market- By Services

    9.5.4.2.2 SAM: Semiconductor Assembly and Testing Services Market- By Application

    10. Semiconductor Assembly and Testing Services Market- COVID-19 Impact Analysis

    10.1 Overview

    10.1.1 North America

    10.1.2 Europe

    10.1.3 Asia Pacific

    10.1.4 Rest of the World

    11. Industry Landscape

    11.1 Overview

    11.2 Market Initiative

    11.3 Merger and Acquisition

    12. Company Profiles

    12.1 Amkor Technology

    12.1.1 Key Facts

    12.1.2 Business Description

    12.1.3 Products and Services

    12.1.4 Financial Overview

    12.1.5 SWOT Analysis

    12.1.6 Key Developments

    12.2 ASE Group

    12.2.1 Key Facts

    12.2.2 Business Description

    12.2.3 Products and Services

    12.2.4 Financial Overview

    12.2.5 SWOT Analysis

    12.2.6 Key Developments

    12.3 Chipbond Technology Corporation

    12.3.1 Key Facts

    12.3.2 Business Description

    12.3.3 Products and Services

    12.3.4 Financial Overview

    12.3.5 SWOT Analysis

    12.3.6 Key Developments

    12.4 Integrated Micro-Electronics, Inc.

    12.4.1 Key Facts

    12.4.2 Business Description

    12.4.3 Products and Services

    12.4.4 Financial Overview

    12.4.5 SWOT Analysis

    12.4.6 Key Developments

    12.5 Integra Technologies

    12.5.1 Key Facts

    12.5.2 Business Description

    12.5.3 Products and Services

    12.5.4 Financial Overview

    12.5.5 SWOT Analysis

    12.5.6 Key Developments

    12.6 Powertech Technology Inc.

    12.6.1 Key Facts

    12.6.2 Business Description

    12.6.3 Products and Services

    12.6.4 Financial Overview

    12.6.5 SWOT Analysis

    12.6.6 Key Developments

    12.7 Siliconware Precision Industries Co., Ltd.

    12.7.1 Key Facts

    12.7.2 Business Description

    12.7.3 Products and Services

    12.7.4 Financial Overview

    12.7.5 SWOT Analysis

    12.7.6 Key Developments

    12.8 Teledyne Technologies Incorporated

    12.8.1 Key Facts

    12.8.2 Business Description

    12.8.3 Products and Services

    12.8.4 Financial Overview

    12.8.5 SWOT Analysis

    12.8.6 Key Developments

    12.9 Unisem Group

    12.9.1 Key Facts

    12.9.2 Business Description

    12.9.3 Products and Services

    12.9.4 Financial Overview

    12.9.5 SWOT Analysis

    12.9.6 Key Developments

    12.10 JCET Group Co., Ltd.

    12.10.1 Key Facts

    12.10.2 Business Description

    12.10.3 Products and Services

    12.10.4 Financial Overview

    12.10.5 SWOT Analysis

    12.10.6 Key Developments

    13. Appendix

    13.1 About The Insight Partners

    13.2 Word Index

    LIST OF TABLES

    Table 1. Semiconductor Assembly and Testing Services Market – Revenue, and Forecast to 2028 (US$ Million)

    Table 2. North America: Semiconductor Assembly and Testing Services Market- By Services – Revenue and Forecast to 2028 (US$ Million)

    Table 3. North America: Semiconductor Assembly and Testing Services Market- By Application – Revenue and Forecast to 2028 (US$ Million)

    Table 4. US: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 5. US: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 6. Canada: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 7. Canada: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 8. Mexico: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 9. Mexico: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 10. Europe: Semiconductor Assembly and Testing Services Market- By Services – Revenue and Forecast to 2028 (US$ Million)

    Table 11. Europe: Semiconductor Assembly and Testing Services Market- By Application – Revenue and Forecast to 2028 (US$ Million)

    Table 12. Germany: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 13. Germany: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 14. France: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 15. France: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 16. Italy: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 17. Italy: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 18. UK: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 19. UK: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 20. Russia: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 21. Russia: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 22. Rest of Europe: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 23. Rest of Europe: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 24. APAC: Semiconductor Assembly and Testing Services Market- By Services – Revenue and Forecast to 2028 (US$ Million)

    Table 25. APAC: Semiconductor Assembly and Testing Services Market- By Application – Revenue and Forecast to 2028 (US$ Million)

    Table 26. Taiwan: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 27. Taiwan: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 28. China: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 29. China: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 30. Japan: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 31. Japan: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 32. South Korea: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 33. South Korea: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 34. Rest of APAC: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 35. Rest of APAC: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 36. RoW: Semiconductor Assembly and Testing Services Market- By Services– Revenue and Forecast to 2028 (US$ Million)

    Table 37. RoW: Semiconductor Assembly and Testing Services Market- By Application – Revenue and Forecast to 2028 (US$ Million)

    Table 38. MEA: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 39. MEA: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 40. SAM: Semiconductor Assembly and Testing Services Market- By Services –Revenue and Forecast to 2028 (US$ Million)

    Table 41. SAM: Semiconductor Assembly and Testing Services Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 42. List of Abbreviation

    LIST OF FIGURES

    Figure 1. Semiconductor Assembly and Testing Services Market Segmentation

    Figure 2. Semiconductor Assembly and Testing Services Market Segmentation – By Geography

    Figure 3. Global Semiconductor Assembly and Testing Services Market Overview

    Figure 4. Assembly and Packaging Services Segment Held the Largest Market Share in 2020

    Figure 5. Consumer Electronics Application Held the Largest Market Share in 2020

    Figure 6. Asia Pacific was the Largest Revenue Contributor in 2020

    Figure 7. North America – PEST Analysis

    Figure 8. Europe – PEST Analysis

    Figure 9. Asia-Pacific – PEST Analysis

    Figure 10. Rest of World – PEST Analysis

    Figure 11. Semiconductor Assembly and Testing Services Market– Ecosystem Analysis

    Figure 12. Expert Opinions

    Figure 13. Semiconductor Assembly and Testing Services Market: Impact Analysis of Drivers and Restraints

    Figure 14. Geographic Overview of Semiconductor Assembly and Testing Services Market

    Figure 15. Global Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 16. Semiconductor Assembly and Testing Services Market Revenue Share, by Services (2020 and 2028)

    Figure 17. Assembly and Packaging Services: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 18. Testing Services: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 19. Semiconductor Assembly and Testing Services Market Revenue Share, by Application (2020 and 2028)

    Figure 20. Consumer Electronics: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 21. Automotive: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 22. Medical: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 23. Industrial: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 24. Other Applications: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 25. Semiconductor Assembly and Testing Services Market Revenue Share, By Region (2020 and 2028)

    Figure 26. North America: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 27. North America: Semiconductor Assembly and Testing Services Market Revenue Share, By Services (2020 and 2028)

    Figure 28. North America: Semiconductor Assembly and Testing Services Market Revenue Share, By Application (2020 and 2028)

    Figure 29. North America: Semiconductor Assembly and Testing Services Market Revenue Share, by Key Country (2020 and 2028)

    Figure 30. US: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 31. Canada: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 32. Mexico: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 33. Europe: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 34. Europe: Semiconductor Assembly and Testing Services Market Revenue Share, By Services (2020 and 2028)

    Figure 35. Europe: Semiconductor Assembly and Testing Services Market Revenue Share, By Application (2020 and 2028)

    Figure 36. Europe: Semiconductor Assembly and Testing Services Market Revenue Share, By Key Country (2020 and 2028)

    Figure 37. Germany: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 38. France: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 39. Italy: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 40. UK: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 41. Russia: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 42. Rest of Europe: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 43. APAC: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 44. APAC: Semiconductor Assembly and Testing Services Market Revenue Share, By Services (2020 and 2028)

    Figure 45. APAC: Semiconductor Assembly and Testing Services Market Revenue Share, By Application (2020 and 2028)

    Figure 46. APAC: Semiconductor Assembly and Testing Services Market Revenue Share, By Key Country (2020 and 2028)

    Figure 47. Taiwan: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 48. China: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 49. Japan: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 50. South Korea: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 51. Rest of APAC: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 52. RoW: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 53. RoW: Semiconductor Assembly and Testing Services Market Revenue Share, By Services (2020 and 2028)

    Figure 54. RoW: Semiconductor Assembly and Testing Services Market Revenue Share, By Application (2020 and 2028)

    Figure 55. RoW: Semiconductor Assembly and Testing Services Market Revenue Share, By Key Region (2020 and 2028)

    Figure 56. MEA: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 57. SAM: Semiconductor Assembly and Testing Services Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 58. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 59. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 60. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 61. Impact of COVID-19 Pandemic in Rest of the World Markets

    The List of Companies - Semiconductor Assembly and Testing Services Market

    1. Amkor Technology
    2. ASE Group
    3. Chipbond Technology Corporation
    4. Integrated Micro-Electronics, Inc
    5. JCET Group Co., Ltd
    6. Integra Technologies
    7. Powertech Technology Inc
    8. Siliconware Precision Industries Co., Ltd
    9. Teledyne Technologies
    10. Unisem Group
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    Frequently Asked Questions

    In 2021, APAC led the market with a substantial revenue share, followed by North America and Europe. Government initiatives such as ‘Made in China 2025 are transforming the Chinese manufacturing industries. The evolution in electronics and automotive manufacturing industries is encouraging the manufactures to incline toward adopting advanced systems including semiconductor equipment.
    The global semiconductor assembly and testing services market was dominated by assembly and packaging services segment accounted for the largest share in 2021 and the testing services segment is anticipated to be one of the fastest growing segments during the forecast period. The rising demand for consumer electronics and advanced packaging solutions is driving the demand for assembly and packaging services. In addition, the ongoing development in consumer electronics and advancement in innovation are increasing the demand for testing services.
    The semiconductor assembly and testing services have been in use for several years worldwide, however, the technology has been experiencing immense demand in recent years. Rising demand for consumer electronics and high usage of a semiconductor device in industrial automation is supporting the growth of the semiconductor assembly and testing services market.
    The consumption of automotive electronic components for navigation, safety, and fuel efficiency will accentuate in coming years due to more electronic equipment being used in advanced safety features such as advanced driver-assistance systems (ADAS) added to the vehicles. This would drive the demand for integrated circuits, microcontrollers, and sensors. Therefore, with the increase in the usage of semiconductors in the automotive sector, there will more opportunities for semiconductor assembly and testing services.
    The major companies in semiconductor assembly and testing services includes ASE Group, Amkor Technology, JCET Group Co., Ltd, Powertech Technology Inc., and Tongfu Microelectronics. The ranking has been derived analysing multiple parameters such as annual revenue earned from semiconductor assembly and testing services portfolio, client base, geographic locations, R&D expenditure, brand image, and number of employees, among others. These companies are actively participating in developing semiconductor assembly and testing services for various applications.
    China held the largest share in APAC region. China is the largest industrial manufacturing hub in the world, with the presence of various diverse industries (especially electronics & semiconductor and consumer electronics). Companies are expanding their footprint in China to offer advanced solutions, as well as to improve production capabilities. The strong foothold of semiconductor assembly, packaging, and testing services companies in Taiwan (Province of China) is another key factor driving the growth of these services in the Asia Pacific region.

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